Brookdale Senior Living - McKnight's Senior Living

Brookdale Senior Living

Despite recent increases, Brookdale shares down 91% in five years

Investors who purchased stock in Brookdale Senior Living five years ago have seen their shares in the company fall by 91% during that time, according to an analysis posted Wednesday by Simply Wall St. While the company’s share price gain of more than 57% in the past week might indicate the beginnings of a recovery, it’s unclear — particularly in this era of COVID-19 volatility — whether the increase is indicative of a more long-term recovery.

Brookdale Senior Living HQ

Brookdale takes steps to address potential financial repercussions of COVID-19; withdraws 2020 guidance

Brookdale Senior Living, the country’s largest senior living company, is withdrawing its financial outlook for the coming year as a result of uncertainty and increased expenses due to the COVID-19 pandemic, according to a filing Tuesday with the U.S. Securities and Exchange Commission. The company had expected earnings between $510 million and $540 million in 2020, with free cash flow between $70 million and $90 million.

Healthcare quarantines spur staffing concerns

As nursing homes, assisted-living centers and other senior living communities across the country work overtime prepping to prevent the spread of the coronavirus among its residents and staff, operators are also worrying about how the virus might tax a workforce that’s already understaffed.

Woman holding stop sign in a hallway

Limit visitors to address ‘significant challenge’ of COVID-19, AHCA / NCAL says; Argentum, Brookdale cancel events

Assisted living communities should limit access to only those individuals who are critical to the operational or care needs of their buildings in order to prevent “dire consequences” that could result from a coronavirus disease 2019 outbreak, the American Health Care Association and National Center for Assisted Living recommend in new guidance. A press conference about the action came on the same day that Argentum and the country’s largest senior living company, Brookdale Senior Living, canceled planned events due to virus-related concerns.

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People in the news, March 3

Appointments and promotions at Brookdale Senior Living, Christian Living Communities-Cappella Living Solutions, Five Star Senior Living, Pegasus Senior Living, Virginia Lutheran Homes, Waltonwood and Westminster Communities of Florida.

Newspaper

More news for Wednesday, Feb. 26

Alleged senior living resident serial killer indicted in two more deaths for a total of 14 … Brookdale Senior Living to lay off 58 in home health and hospice group … Ping pong may be good physical therapy for people with Parkinson’s

Office phone, conference table

LTC Properties expects to ‘dig deep’ for transactions; older buildings, senior apartments of interest

For 2020, “early indications show that we will have to dig deep to find the kinds of transactions that best benefit our shareholders,” Westlake Village, CA-based LTC Properties’ Chairman, Chief Executive Officer and President Wendy Simpson said Friday. The REIT also provided updates on several operators in its portfolio, including Brookdale, Anthem, Thrive, Senior Care Centers, Fields and Senior Lifestyle.

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